Form 4: OppFi Inc. CEO Todd G. Schwartz Reports Changes in Beneficial Ownership

Todd G. Schwartz, CEO of OppFi Inc., reports a transaction involving the surrender and cancellation of Class V Common Stock in connection with the exchange of Class A common units of Opportunity Financial, LLC.

Summary

• On April 18, 2024, Todd G. Schwartz, CEO of OppFi Inc., reported changes in beneficial ownership of the company's Class V Common Stock.
• The transaction involved the surrender and cancellation of 134,090 shares of Class V Common Stock.
• This was in connection with the exchange of Class A common units of Opportunity Financial, LLC for shares of Class A common stock of OppFi Inc.
• Following the transaction, Schwartz directly owns no Class V Common Stock and indirectly owns 91,472,104 shares through OppFi Shares, LLC.
• OppFi Shares, LLC is wholly owned by TGS Revocable Trust, whose sole trustee is Schwartz.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and ownership changes, which are common in publicly traded companies. It reflects the ongoing exchange of units in a subsidiary for shares in the parent company, OppFi Inc.

Stakeholder Impact

• The transaction itself has minimal direct impact on stakeholders, as it primarily involves internal restructuring of ownership.
• However, transparency in insider transactions is important for maintaining investor confidence.

Key Dates